An Overview Finance Minister Nirmala Sitharaman said on Monday that company secretaries’ advice will make a big impact because only “well-managed” enterprises that follow strong governance procedures attract investors. She also stated that Indian companies have done very well in attracting investments in the recent year as a result of their transparency and enhanced compliance. …
Last Friday, on 1 October 2021, the scrips of Paras Defence got listed on the bourses, making a spectacular debut. To elaborate, Paras Defence shares got listed on the Bombay Stock Exchanges at Rs. 475 against Rs. 175 (its issue price with a face value of Rs. 10). Accordingly, it registered a listing premium of …
The BSE has noted that it has the preparedness in terms of technology to bring in electronic gold receipts (EGR). The introduction of electronic gold receipts is expected to create a standardised pricing structure of the precious metal. The BSE will reportedly seek the approvals required for the introduction of the EGR from capital markets regulator SEBI, ahead …
An Overview At its bi-monthly monetary policy meeting on Friday, India’s central bank may leave its benchmark rates unchanged while laying out a plan to raise the reverse repo rate, mirroring the measured approach Mint Road’s counterparts on both sides of the Atlantic are taking to re-acclimate their economies to normal liquidity flows. According to …
Irrespective of the discordant comments from the bankers around the world and high stock prices, the Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) continue their buying in the equity market. In the month of September, financial markets saw lifetime highs with NSE’s Nifty50 almost touching the 18000 mark whereas BSE’s Sensex traded beyond …
An Overview The International Monetary Fund warned on Friday that the introduction of digital currencies in emerging areas might lead to the “cryptoization” of local economies, eroding exchange and capital regulations, and disrupting financial stability. According to U.S. blockchain researchers, bitcoin and other coins have skyrocketed in price and popularity in the previous year, with …
Life Insurance Corporation of India, the country’s biggest insurance provider, is finally filing its DRHP to initiate IPO proceedings. A Finance Ministry official has confirmed that the insurance behemoth will submit its papers in November 2021, and the IPO is expected to be wrapped up by the end of this fiscal year. The initial public …
An Overview Changes to the auto debit rule enforced by the Reserve Bank of India (RBI) will take effect on October 1. Customers who use their debit card for recurring transactions will benefit the most from the adjustment. All standing instructions on cards will be ignored after the revisions. What will the modifications entail? All …
An Overview Increased software services revenue and inward contributions from diaspora Indians overseas enabled the current account in the balance of payments to end in a positive for the quarter ended June’21, countering a significant increase in the petroleum import tariff. In addition, the economic slowdown brought on by the 2nd lockdown during the quarter …
On Thursday, the Comptroller and Auditor General of India (CAG) announced numbers relating to the fiscal deficit for the period starting from 1st April 2021 up to August 30, 2021. Out of the total fiscal deficit planned for the whole year, April to August total reached only close to 31% as per the reports. In …
